Pros
Silicon Valley Bank has built a brand around being the most disruptive and trusted financial institution in the venture capital and entrepreneurial ecosystem. 1. The products the bank sells are relevant and the brand is actively trying to grow and develop more 2. The brand is well positioned 3. Rates are competitive 4. The recent creation of SVB Securities means the bank has full service capabilities
Cons
The SVB hug is a well known term in the industry. Often times the bank tries to get too many people involved in client facing processes. It's far worse internally. Most of the managers give others the tasks of building internal processes without thinking about either the end user or the people who have to do the work. The result is a mess of interactions where too many people are involved doing deep dives for a client meeting will not use all of the information. In other words, processes are over designed and crises are manufactured. The pay and compensation is below average The company puts in many more resources into graduates of their Associate Development Program but have a terrible onboarding process for outside hires. It is very difficult for outside hires to thrive in a strategic environment due to the breath of processes, departments, and other variables and factors.